Same-day shipping, not one-day shipping, is the 'real battleground' between Amazon, Walmart, and Target.
But Walmart and Target already have a"huge advantage" over Amazon when it comes to shipping and pickup options, thanks to their thousands of brick-and-mortar stores, according to John Zolidis, president of Quo Vadis Capital.
But concerns about the impact to Walmart and Target, in particular, are overblown, according to John Zolidis, president of Quo Vadis Capital. Shares of Walmart and Target were down more than 2% and 5%, respectively, in mid-day trading Friday. In conversations last October with Walmart CEO Doug McMillon, McMillon characterized same-day shipping as the"final frontier" that"everyone is racing to develop," Zolidis said. Walmart did not immediately respond to a request for comment on this story.
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